Cash Advance
A term loan with the benefit of a revolving credit facility
A Property Investment Cash Advance operates like a term loan - it has a fixed term, but you can still redraw up to the approved limit during any stage of the loan term.
A Development Finance Cash Advance operates as a drawdown facility - it lets you drawdown to fund progress payments and is repaid from sale proceeds.
This loan is:
- a term lending solution (1 to 5 years, depending on the loan type and purpose)
- designed specifically for the property and development industries
| Feature |
Description |
| Loan Amount |
Minimum loan amount: $500,000 |
| Interest rate options |
Your Suncorp term loan rates are calculated using a competitive base rate plus a customer margin.
Your rate is based on Suncorp's Bank Bill Rate.
Interest is calculated on the outstanding balance and charged at the end of each calendar month. |
| Interest charging |
Interest is charged monthly in arrears
Development loans can have the interest capitalised to the loan, subject to conditions. |
| Repayments |
Interest is charged to the loan monthly.
Principal reductions can be made at any stage. |
| Loan term |
Minimum: 1 year
Maximum: 5 years
The length, redraw facility and capitalised interest features depend on the purpose of the loan. |
Fees
| Item |
Description |
| Establishment Fee |
Fee varies, depending on the loan amount, however there is a minimum of $750. |
Other fees and charges apply. Please contact your Business Banking Manager or 1300 65 11 25 for further details.
